Nasty week for hogs in the US

Published 2023년 1월 10일

Tridge summary

The article highlights the current state of the hog market, discussing the recent dip in lean hog futures and cash prices due to a decrease in slaughter weeks following the holidays. It attributes this to the ongoing effect of a shorter supply of hogs both domestically and globally, coupled with reduced beef and poultry production, leading to an expected rebound in prices. The article also brings attention to the challenges in the grain market and expresses concerns over consumer acceptance of Gene-Edited pork, citing a survey and research findings. Furthermore, it discusses data on the increase in finishing mortality in hogs over the past decade, emphasizing the importance of high appetite pigs for lower mortality, lower cost of gain, and faster finishing times, all of which are crucial for profitability in the industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last week it seemed the hog market had a holiday hangover. Shorter weeks of slaughter rarely seem to work for producers. This year was no exception. Lean Hog futures and cash prices all languished significantly. We expect as the dust settles and business returns to full week both lean hog futures and cash prices will rebound. Why? There are still fewer hogs domestically and globally. Also, less beef and less poultry. The only way to ration lower supply is higher prices. June futures were $1.05 on Friday. We expect in June lean hogs will reach $1.20. Grains had issues last week. Corn down 24¢ bushel, soybeans down 32¢ bushel, and wheat down 49¢ bushel. Corn in the USA is interesting. As of last week, U.S. corn export sale commitments are 47% lower than a year ago. U.S. corn ethanol production is barely holding steady. Certainly, makes you wonder where corn prices can go with exports significantly lower, ethanol production only steady, and all indications of less red meat and ...

Source: Thepigsite